HomeMy WebLinkAbout6.c. Expenditure Approval for the Donation Account - Parks & Recreation Dept.4ROSEMOUNTEXECUTIVE SUMMARY
CITY COUNCIL
City Council Regular Meeting: August 17, 2010
AGENDA ITEM: Expenditure Approval from the Donation
AGENDA SECTION:
Account — Parks & Recreation Dept.
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director
AGENDA NO. .0 .
ATTACHMENTS: Donation Revenue Worksheet
APPROVED BY:
RECOMMENDED ACTION: Motion to approve the donation expenditure of $173.46 for the
Fishing Derby event.
EXPENDITURE
AMOUNT
USE /ITEM PURCHASED
DONATION
FROM
$173.46
WalMart - Fishing Derby supplies
CF Industries
SUMMARY
Please consider the expenditure of funds from the Donation Account for the above item.
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on:
04 -20 -10
Amount Received:
CF Industries
Receipt # for Donation:
# N/A
Purpose of Donation:
Fishing Derby Supplies
Account # for Donation:
101 - 22223.00
(Must be Liability # assigned for each individual Department.)
EXPENDITURE OF DONATION
Amount to be Spent:
$173.46
To be Spent from Acct #:
101- 45100 -01- 439.00
(Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure:
Fishing Derby Supplies
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101 - 36230.00:
Amend Expenditure Acct #101 - 45100 -01- 439.00
(The two- dollar amounts should be the same.)
$173.46
$173.46
GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101 - 22223.00 (Donation Liability #) $173.46
Credit: 101- 36230.00 $173.46
Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on August 17, 2010.
F.